4 ms·
Fact: In 1973 interest payments 6% of the federal budget and today they are 10%. At that rate of % growth interest would become the largest expenditure categor
by georgeecollins 3y ago
Fact: In 1973 interest payments 6% of the federal budget and today they are 10%. At that rate of % growth interest would become the largest expenditure category in 175 years.
I am not disagreeing with you. I just think its good to keep these things in perspective with facts, not worries.
Source: https://fraser.stlouisfed.org/files/docs/publications/usbudget/bus_1973.pdf https://fraser.stlouisfed.org/files/docs/publications/usbudg...